Euro / U.S. DollarShort
EURUSD within a bearish pattern
Target: 1.1185
Risk: 1.1444
Technical reasons:
The EURUSD pair’s continuous move inside the symmetrical triangle keeps the chances valid to continue the bearish trend on the short term and medium term basis, and breaking 1.1340 will push to 1.1185 direct.
On the other hand, consolidating below 1.1444 is important to continue the expected bearish trend.
Risk: 1.1444
Technical reasons:
The EURUSD pair’s continuous move inside the symmetrical triangle keeps the chances valid to continue the bearish trend on the short term and medium term basis, and breaking 1.1340 will push to 1.1185 direct.
On the other hand, consolidating below 1.1444 is important to continue the expected bearish trend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.